Assembly Bill A7323

2015-2016 Legislative Session

Defines a real estate team as two or more persons associated with the same real estate brokerage who hold themselves out or operate as a team

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2015-A7323 (ACTIVE) - Details

See Senate Version of this Bill:
S3318
Current Committee:
Assembly Judiciary
Law Section:
Real Property Law
Laws Affected:
Amd §440, RP L
Versions Introduced in Other Legislative Sessions:
2013-2014: S5508
2017-2018: A6540, S3537
2019-2020: S395
2021-2022: S4503
2023-2024: S3076

2015-A7323 (ACTIVE) - Summary

Defines a real estate team as two or more persons associated with the same real estate brokerage who hold themselves out or operate as a team.

2015-A7323 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  7323

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                               May 6, 2015
                               ___________

Introduced by M. of A. CUSICK, BRONSON -- Multi-Sponsored by -- M. of A.
  SALADINO -- read once and referred to the Committee on Judiciary

AN  ACT  to  amend  the  real property law, in relation to defining real
  estate team

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Section 440 of the real property law is amended by adding a
new subdivision 7 to read as follows:
  7.  "TEAM" MEANS TWO OR MORE PERSONS, ONE OF WHOM MUST BE AN ASSOCIATE
REAL ESTATE BROKER OR REAL ESTATE SALESPERSON, ASSOCIATED WITH THE  SAME
REAL ESTATE BROKERAGE WHO HOLD THEMSELVES OUT OR OPERATE AS A TEAM.
  S 2.  This act shall take effect immediately.







 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD01775-03-5


              

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